Market View: January 6, 2012 Newport Beach

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Median List Price

The median list price in NEWPORT BEACH this week is $1,599,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing a strong indication for market conditions.

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels re relatively unchanged in recent weeks. Watch the Market Action Index for changes, as it can be a leading indicator of price changes.

Price  

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator of the durability of this trend.